State goes all out to promote electric vehicles in new policy

The state government is rolling out a new electric vehicle (EV) policy in order to give a boost to EVs and reduce the number of petrol and diesel vehicles in the near future.

- Surendra P Gangan

MUMBAI: It is expected to spend ₹400 crore annually on incentives ranging ₹30,000 to ₹2 lakh to two- and four-wheelers and transport vehicles. The new policy is likely to come into being on May 1.

The EV policy that was announced in 2021 fell short of its three-year target on all counts. EV four-wheeler registration till January 31 was just 2.73% against a target of 5%, the two-wheeler registration was 8.33 against a target of 10%, while the three-wheeler registration was 14.9% against a target of 20%. Similarly, only 452 charging stations were set up in Mumbai, less than one-third of the 1,500 stations envisaged in the policy.